RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
RBCP was delisted on the 14th of October, 2024.
35 hedge funds and large institutions have $433M invested in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 15 reducing their positions, and 9 closing their positions.
8% less capital invested
Capital invested by funds: $471M → $433M (-$37.1M)
13% less funds holding
Funds holding: 40 → 35 (-5)
27% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 15
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$13.4M |
| 2 |
D.E. Shaw & Co
New York
|
+$12.5M |
| 3 |
Morgan Stanley
New York
|
+$11.2M |
| 4 |
ACM
Advent Capital Management
New York
|
+$9.39M |
| 5 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$3.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$20.8M |
| 2 |
SC
Sculptor Capital
New York
|
-$12.1M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
-$8.61M |
| 4 |
Wells Fargo
San Francisco,
California
|
-$8.55M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$7.84M |
RBCP Hedge Fund Activity: Q1 2022 in Review
35 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) for Q1 2022, worth a combined $433M — down 7.9% from $471M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of RBCP and 4 opened new positions — a net loss of 5 holders — while 15 trimmed existing stakes and 11 added.
The largest buyer was Wolverine Asset Management, adding an estimated $13.4M. The largest seller was Lord, Abbett & Co, cutting an estimated $20.8M.
- 35 institutional investors held RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock (RBCP) as of Q1 2022, down from 40 in Q4 2021.
- Funds reported $433M of RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock stock for Q1 2022, down 7.9% quarter-over-quarter.
- 4 funds opened new RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock positions in Q1 2022 and 9 closed out, a net change of -5 holders.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock buyer in Q1 2022 was Wolverine Asset Management, an estimated $13.4M added.
- The largest RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock seller in Q1 2022 was Lord, Abbett & Co, an estimated $20.8M sold.
Based on aggregated 13F filings for Q1 2022.